Recent Security Class Actions
Globant S.A. Common Shares (NYSE: GLOB)
52 Days left to seek lead plaintiff status.
The Complaint alleges that throughout the Class Period, Globant touted to investors the success of its Latin American pivot and the strength of its Latin American operations, as well as heralded itself as a market leader and employer of choice in the region. Unbeknownst to investors, Globant’s Latin American strategy was not successful. In reality, Globant was facing pervasive problems with its Latin American operations, including declining demand for its services, client defections, and project cancellations. Globant also froze wages for its employees in Mexico and Argentina, further harming its Latin American operations and leading to widespread employee turmoil and degraded client services. When the market learned the truth about Globant’s Latin American operations over the course of 2025—including a marked decline in Latin American revenue—the Company’s stock price declined precipitously.
